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PPC is a new, privately held light gauge thermoforming company acquired in March 1997 from Spartech Plastics Corporation (Clayton, MO). Its ownership is divided among four partners, all of whom have extensive experience in the thermoforming segment of the Plastic Packaging Industry. The acquisition was a derivative of Spartech's 1996 acquisition of Portage Industries Corporation, a 25 year old sheet and rollstock extruder and thermoformer of light and heavy gauge plastic (co)extruded structures.